Banking

House Financial Services Committee Chair Maxine Waters, D-Calif., and a bipartisan congressional delegation met with Swiss government officials last week to discuss Facebook’s plans to launch and operate a digital currency.

On Mar. 31, 2019. Dollars in thousands.

On Mar. 31, 2019. Dollars in thousands.

On Mar. 31, 2019. Dollars in thousands.

Organizers of Silver River Community Bank must raise $17 million before opening.

Banks are expected to appeal last week’s field of membership ruling, but credit unions must also explain why part of their new rule doesn't discriminate.

Nonbank lenders Monroe Capital and MGG Investment Group have made a combined $115 million of loans to firms that make cannabidoil and supply products to the cannabis and hemp industries.

The banks considered an “unusual” investment banking merger; Volcker rule win will be followed by fights on capital rules, liquidity and stress tests.

The information you need to start your day, from PaymentsSource and around the Web. Today: Is Libra's regulatory heat too much for the project's partners?; Revlut adds top execs; Venezuelan department store turns to blockchain to combat inflation; InstaRem looks for more corridors.

Nearly three years after NCUA passed the rule, credit unions are ready to broaden their reach, but the possibility of an appeal to the Supreme Court may put those efforts on hold.

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?

House Financial Services Committee Chairwoman Maxine Waters and over a hundred other lawmakers want the agency to go forward with a mandatory underwriting requirement for payday loans.

Blooma has developed a software product that combs databases to create property profiles for commercial real estate lenders. It can drastically cut origination costs and approval times and help banks identify safer loans, the company says.

The Unity, Maine-based institution, which should open in the fall, will provide member business loans and other products to local farmers.

The Financial Action Task Force’s recent guidance on data privacy regulations should serve as a warning to companies planning to test virtual currencies.

Most people don't actually like the experience of doing banking, but credit unions can take steps to make it more rewarding.

After years of keeping a low profile, banks plan to spend in next year’s elections; the digital currency has eyes on the unbanked.

The information you need to start your day, from PaymentsSource and around the Web. Today: Amazon invests in incentive marketing in India; Ripple adds discount transfer company to network; More signs PSD2's migration is going poorly; New technology emerges for rental payments.

Recent legislation to lower auto insurance premiums in the Wolverine State could cut into noninterest income, but many institutions are still unclear on how much of a hit they’ll take.

Readers react to regulators revamping the Volcker Rule and the U.S. Postal Service getting into banking, criticize HUD's plan to make it harder for consumers to allege discrimination and more.